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The Buzz Show: Featuring Our Corporate News Recap on “Foresight Autonomous Light Rail Vehicle Order from Knorr-Bremse”
Foresight Autonomous Holdings
(NASDAQ: FRSX) shares shot up over 68% in premarket trading after the company received a request for two samples of its light rail vehicle system.
The order comes from an affiliate of Knorr-Bremse AG, which also ordered a customization of Rail Vision’s LRV system features according to Knorr-Bremse’s requirements.
Foresight Autonomous Holdings Ltd., founded in 2015, is a technology company engaged in the design, development and commercialization of sensors systems for the automotive industry. Through the company’s wholly owned subsidiaries, Foresight Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” cellular-based applications.